HFWA

Heritage Financial Corporation

HFWA.US hf-wa.com
28.41
+0.04 (+0.14%)
USD · NASDAQ
52-week range
20.77
30.99
Trading at 75% of the 52-week range
Market Cap
1.16B
P/E Ratio
13.51
Forward P/E
12.33
Book Value
27.13
Div. Yield
3.32%
% Institutions
82.27%
% Insiders
1.40%

1 Year

+18.9%

3 Year

+90.1%

10 Year

+121.5%
Description

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

Company Information

Company Name
Heritage Financial Corporation
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US42722X1063
CIK: 0001046025
CUSIP: 42722X106
Currency: USD
Full Time Employees: 976
Phone: 360 943 1500
Website: hf-wa.com
Fiscal Year End: December
IPO Date: May 07, 1998
Description:

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

Address:

201 Fifth Avenue SW, Olympia, WA, United States, 98501

People

Directors & Officers

Name Title Year Born
Mr. Brian L. Vance Independent Chairman 1954
Mr. Bryan D. McDonald CEO, President & Director 1972
Mr. Donald J. Hinson CPA Executive VP & CFO 1961
Mr. Jeffrey J. Deuel Advisory to the CEO 1959
Mr. Anthony W. Chalfant Executive VP & Chief Credit Officer 1962
Mr. Nicholas M. Bley Executive Vice President 1974
Ms. Kaylene M. Lahn CPA Senior VP, Corporate Governance Officer & Corporate Secretary 1972

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 11, 2026 Tony Chalfant N/A Sale 4.67K $27.65 $129.07K
Feb 03, 2026 Frederick B Rivera N/A Sale 1.80K $26.31 $47.36K
Jan 26, 2026 Kelli Ann Wilson N/A Sale 1.90K $26.48 $50.31K
Nov 20, 2025 Bryan Mcdonald N/A Purchase 19.11K $22.32 $426.45K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 5.56M Mar 31, 2026 13.59% $0.00 13.20%
Jennison Associates LLC 3.54M Jun 30, 2026 8.65% $0.06 10.10%
Victory Capital Management Inc. 2.36M Jun 30, 2026 5.77% $0.04 -4.39%
Dimensional Fund Advisors, Inc. 2.04M Jun 30, 2026 5.00% $0.01 4.49%
Vanguard Capital Management, LLC 1.85M Mar 31, 2026 4.52% $0.00 0.00%
State Street Corp 1.80M Mar 31, 2026 4.39% $0.00 14.18%
AllianceBernstein L.P. 1.14M Mar 31, 2026 2.80% $0.01 -12.40%
Geode Capital Management, LLC 934.80K Mar 31, 2026 2.28% $0.00 10.94%
Boston Partners Global Investors, Inc 690.32K Mar 31, 2026 1.69% $0.02 0.00%
Basswood Capital Management LLC 689.01K Jun 30, 2026 1.68% $0.81 -1.42%
Vanguard Portfolio Management, LLC 653.69K Mar 31, 2026 1.60% $0.00 0.00%
Wellington Management Company LLP 528.11K Jun 30, 2026 1.29% $0.00 -15.95%
Two Sigma Investments LLC 490.41K Mar 31, 2026 1.20% $0.01 81.98%
Morgan Stanley - Brokerage Accounts 479.83K Mar 31, 2026 1.17% $0.00 20.07%
Algebris Investment Management (UK) LLP 469.40K Jun 30, 2026 1.15% $0.91 -9.45%
Arrowstreet Capital Limited Partnership 433.51K Mar 31, 2026 1.06% $0.01 -14.02%
Northern Trust Corp 413.12K Mar 31, 2026 1.01% $0.00 9.69%
Bank of New York Mellon Corp 379.40K Mar 31, 2026 0.93% $0.00 3.51%
Charles Schwab Investment Management Inc 377.04K Mar 31, 2026 0.92% $0.00 15.47%
Rhino Investment Partners, Inc. 330.46K Mar 31, 2026 0.81% $2.39 77.72%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Small-Cap ETF 2.50M 6.12% ▲ 0.00% Aug 31, 2026
2 Victory Small Cap Value CIT Fd (Net 75) 1.80M 4.39% ▲ 2,952.72% Jun 30, 2026
3 Victory Sycamore Small Company Opp R 1.80M 4.39% ▼ 1.64% Jun 30, 2026
4 PGIM Jennison Small Company A 1.67M 4.07% ▲ 5.99% Jul 31, 2026
5 Jennison SMid Cap Core Equity 1.57M 3.84% ▲ 13.02% Jun 30, 2026
6 Vanguard MStar Total Stk Mkt Idx Invest 1.33M 3.26% ▲ 1.25% Jul 31, 2026
7 iShares Russell 2000 ETF 1.08M 2.65% ▲ 0.00% Aug 31, 2026
8 JENNISON SMALL/MID CAP EQUITY 3 748.90K 1.83% ▲ 34.70% Jun 30, 2026
9 DFA US Small Cap Value I 481.59K 1.18% ▲ 7.93% Jul 31, 2026
10 Vanguard Institutional Extnd Mkt Idx Tr 477.39K 1.17% ▲ 0.23% Jul 31, 2026

Financial Highlights

Market Cap: $1.16B
P/E Ratio: $13.51
PEG Ratio: $2.13
Book Value: $27.13
Dividend/Share: $0.96
Dividend Yield: 3.32%
Earnings/Share: $2.10
Profit Margin: 26.40%
Operating Margin: 28.93%
ROA (TTM): 1.01%
ROE (TTM): 7.80%
Revenue (TTM): $295.08M
Revenue/Share (TTM): $7.99
Earnings Growth (YOY): 17.00%
Revenue Growth (YOY): 53.10%

Valuation Metrics

Enterprise Value: $1.15B
Trailing P/E: 13.51
Forward P/E: 12.33

Shares Statistics

Shares Outstanding: 40.92M
Shares Float: 40.28M
% Insiders: 1.40%
% Institutions: 82.27%
Short % Float: 7.50%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$335.97M
Cost of Goods Sold
adjust
$-92.61M
Gross Profit
subtotal
$243.36M
SG&A
adjust
$-119.88M
Other Operating Expense
adjust
$-45.69M
Operating Income
subtotal
$77.79M
Other / Non-Operating Items
adjust
$-10.26M
Net Income
subtotal
$67.53M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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